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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (16759)	6/15/2003 5:21:57 AM
From: Dale Baker	Read Replies (2) \| Respond to of 78530

Finally slogged through Practical Speculation by Victor Niederhoffer; what a piece of self-serving junk. The statistical attacks on conventional wisdom are interesting. The proof that Value Line works was the only useful fact in the whole book, however. The section that purports to offer a trading/investing model (it was never clear which was more important) is a vague mish-mash of racket sport metaphors and some vague stuff on insider buying. Don't waste your time checking this one out of the library, much less pay for it. It's Vic's tome to himself, why he is still such a genius even though he blew up a fund and no one lets him manage money now. I can see why.